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Policy: X.F.1 x (inactive)

Issued: October 31, 1996

Owner: Director of Procurement Services

Latest Revision: July 2, 2001

SURPLUS PROPERTY DISPOSAL


**INACTIVE POLICY**

For Current Policies:
Policy Table of Contents

 

1.0 Purpose

This policy describes the general guidelines that must be followed when disposing of surplus property.

2.0 Policy [Top]

2.1 General

Departmental Surplus Property may be defined as any item that is not needed, is no longer useful, or is no longer functional and cannot be repaired or improved in a cost-effective manner.

University departments may transfer or sell their surplus items to another University department directly. In all other cases, departments must arrange for their surplus items to be transferred, sold, donated, or discarded through the Surplus Property Office in Procurement Services.

Departments are responsible for arranging the transfer of goods to Procurement Services' Surplus Property Office. The specific steps departments must follow to transfer goods to the Surplus Property Office are described in Preparing the Request to Surplus Property E-Form -- Procedure 10-101

The Surplus Property Office will attempt to sell departmental surplus items to other departments, other state agencies and institutions, or to the general public through regularly scheduled public auctions. All of the revenue obtained by selling surplus property is returned to the department from which the items came.

If reasonable attempts to sell or transfer departmental surplus property are not successful, the Surplus Property Office will discard it.

2.2 Special Requirements for Some Types of Property

Especially Valuable Items -- The Property Accounting and Fixed Assets section of the department of Financial Analysis must be notified when departments wish to surplus individual items which originally cost $2,000 or more.

Departments may forego the Preparing the Request to Surplus Property E-Form procedure and contact the Surplus Property Office directly to request that rare or unusual items, or items that are particularly valuable, be sold through sealed bid rather than at public auction. The final decision on the manner of sale will be made by Procurement Services.

Computer Equipment and Software --

Radioactive or Hazardous Materials may not be surplused. Please consult the Office of Environmental Health and Safety for guidelines on the proper disposal of such materials.

 
2.3 Donations

Departments may request that their surplus items be donated to approved organizations. Approved organizations include Virginia public schools or charitable organizations granted tax-exempt status under section 501 (c) (3) of the Internal Revenue Code.

Authorization for an approved organization to receive donated items is granted by the Director of Procurement Services on a first-come, first-serve basis, and must be requested by the organization via e-mail or other formal means. The recipients of the donations, and the specific donations made to each recipient, will be determined by Procurement Services.

The estimated value through sale at public auction of any individual item to be donated cannot exceed $500. This estimate will be made by Procurement Services.

The total estimated value of donated equipment from the University per yearly quarter may not exceed $15,000. However, because this maximum amount is linked by state law to the value of surplus property sold at public auction, the quarterly limit is subject to review and revision by Procurement Services. Donations in excess of the amount allowable per quarter will be sold at public auction.

 
 
 

3.0 Definitions [Top]

4.0 References [Top]

This policy corresponds to, and should be read in conjunction with, Preparing the Request to Surplus Property E-Form -- Procedure 10-101

See also Policy X.A.1, Maintenance of Equipment Inventory

See also Procedure 10-1, Preparation of Equipment Inventory Change Request

5.0 Approvals and Revisions [Top]

Previous version in effect from 10/31/96 to 7/1/00 available in policy archive.
Previous version in effect from 7/1/00 to 7/2/01 available in policy archive.

 


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